NEWS IN BRIEF (June 13, 1994)
Goldpac Investments (GPK:VSE) has changed its name to Brimstone Gold (BSC:VSE) on a 1-new-for-5-old-share basis.
News
PEOPLE — WESTERN GARNET (June 13, 1994)
Lindsay Gorrill appointed president and chief executive officer; Ian Falconer appointed chairman.
EDITORIAL PAGE — A strange alliance
In its battle against a U.S.-Russia deal over uranium, Canadian producers (a small band comprising Cameco, Uranerz Exploration and Mining, Cogema and Rio Algom) have found an unlikely ally — a group …
OBITUARY — James Goad
A fire claimed the life of James Goad recently at his home in Collingwood, Ont. He was 72. Chairman, past president and co-founder of mining company Fortune Minerals, Goad had a long career in the sec…
Mining week in Saskatchewan
Mining and mineral exploration is second only to agriculture in terms of value to Saskatchewan’s economy, provincial Mines Minister Douglas Anguish said in declaring May 29-June 4 as Mining Week. The …
THE DIAMOND PAGE — Ashton, partners release more results
Further results have been released by the partners involved in the Cross property kimberlite discovery in the Northwest Territories. Vancouver-based Ashton Mining of Canada (TSE), which made the disco…
World platinum supplies in surplus
Demand for platinum in 1993 increased 6% to 4 million oz. as automobile and jewelry usage rose to record levels. However, metals dealer Johnson Matthey says supplies of the metal reached a new peak of…
STOCK MARKETS — Diamond interest keeps western markets
Investor interest in diamond exploration continued to shore up western markets which began edging downwards toward the close of our report period ending June 8. The Vancouver Stock Exchange’s composit…
Wilderness group sues DIAND, Westmin over Yukon exploration
The Canadian Parks and Wilderness Society (CPAWS), represented by the Sierra Legal Defence Fund, has filed a lawsuit against the federal government and Westmin Resources (TSE) related to the company’s…
Spot prices at a glance (June 13, 1994)
Week’s Price (US) Change Gold* $381.90 – $5.35 Silver* $ 5.33 – $0.21 Platinum* $397.35 – $4.90 Nickel** $ 2.87 + $0.03 Lead** $ 0.23 $0.00 Copper $ 1.06 + $0.04 Zinc $ 0.43 $0.00 Courtesy of Scotiaba…
TSE INDICES (June 13, 1994)
— 1994 — June 7 June 6 June 3 June 2 June 1 High Low Composite”300″ 4326.77 4268.96 4281.02 4280.58 4289.66 4609.93 3518.31 Metals&Minerals 3736.83 3675.06 3701.18 3658.65 3692.59 3879.59 3273.56 In…
FOR THE RECORD — Placer Dome committed to Latin American
Five years ago, Placer Dome (TSE) had no investments in South America. Today, it is managing a successful gold and silver mine in Chile. In addition, the company is constructing Latin America’s larges…